Month: November 2021
Faceless Assessment order quashed as no password was sent in the link to join video conferencing for the hearing ABCAUS Case Law CitationABCAUS 3563 (2021) (11) HC In the instant case, the assessee had wiled a Writ Petition to challenge the faceless assessment order passed under Section 143(3) …
GSTN launched new & improved version of GSTR-1 which allows saving GSTR-1 details GSTN has launched a new and improved new version of GSTR-1 A revamped & enhanced version of GSTR-1/IFF is being made available on the GST Portal to improve the taxpayer experience. These enhancements, would …
Import and export in rough diamonds Amendment in policy conditions. Registration with Gems & Jewellery EPC compulsory MINISTRY OF COMMERCE AND INDUSTRY(Department of Commerce)(DIRECTORATE GENERAL OF FOREIGN TRADE) Notification No. 43/2015-2020 New Delhi, the 22nd November, 2021 Subject: Amendment in policy conditions governing import and export in rough …
Vulnerability in PNB server as reported by CyberX9 – PNB denies breach of systems and pilferage of personal data of account holders In its report dated November 21, 2021, the cybersecurity firm CyberX9 had stated that its research team discovered a very critical security issue in Punjab National …
RBI cautions against various Co-operative societies using word “Bank” in their names The RBI has cautioned general public against various Co-operative societies using word “Bank” in their names. According to RBI, in terms of the Banking Regulation Act, 1949 (BR Act, 1949) which was amended by the Banking …
IECs not updated after 01.01.2014 to be de-activated in a phased manner from 06.12.2021 – DGFT De-Activation of IECs not updated at DGFT Directorate General of Foreign Trade (DGFT) vide Notification No. 58/2015-2020 dated 12.02.2021, 11/2015-2020 dated 01.07.2021, 16/2015-2020 dated 09.08.2021 and Trade Notice 18/2021-2022 dated 20.09.2021 …
NFRA hiring Chartered Accountants as professionals on contractual basis National Financial Reporting Authority (NFRA) is to engage Chartered Accountants on a contractual basis. The number of likely positions to be filled up is nine (9) which may however be increased or decreased based on the requirement of NFRA. …
Filling hypothetical income tax payment details in ITR to bypass erstwhile e-filing portal validation – Prosecution u/s 277 quashed by High Court ABCAUS Case Law CitationABCAUS 3562 (2021) (11) HC Important case law relied referred:Rakapalli Raja Rama Gopala Rao vs. Naragani Govinda Sehararao and another Income Tax Officer …
Central Government has notified change in the location of Debts Recovery Tribunal-III, Chennai with effect from 27.09.2021 (Monday) The old place and the new place of working is as under: Name of the Tribunal Place where the Tribunal was functioning Place at which the Tribunal will function Debts …
The Reserve Bank Integrated Ombudsman Scheme, 2021 launched today The Reserve Bank Integrated Ombudsman Scheme, 2021 was launched today. The Scheme integrates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme …